and the unemployed – serves not to undermine but to boost the overall income share of capitalists. And as employment … growth decelerates, the income share of the Top 1% – which includes the capitalists as well as their protective power belt … unemployment and zero job growth when these very processes serve to boost their income-share-read-power? …

ultimately replaced in what follows. The formal point of reference is the integrated approach to credit, money, income …This paper takes the explanatory superiority of the integrated monetary approach for granted. It will be demonstrated … that the accounting approach could do even better, provided it frees itself from theoretically ill-founded notions like GDP …

intentional income smoothing than with the integral approach to accounting. Our evidence is consistent with income smoothing being …-year earnings. We do this by examining income smoothing based on pseudo fiscal years. For each firm, we create pseudo-year earnings …-year earnings. We find that this measure of income smoothing behaves as expected in a variety of cross-sectional tests. Moreover, we …

earnings between profit firms and loss firms and over time. We show that current earnings surprises are more strongly …

recurring and non-recurring components of net income and forecasts future performance. Analysts and market participants are slow …